The impact of sustainability practices on financial performance: empirical evidence from Sweden

This study aims at empirically exploring the influence of sustainability practices on the finan cial performance of 116 listed Swedish companies in the year 2019. The research findings indicate a positive relationship between corporate sustainability and financial performance that is measured by ear...

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Autores principales:	Duc Cuong Pham, Thi Ngoc Anh Do, Thanh Nga Doan, Thi Xuan Hong Nguyen, Thi Kim Yen Pham
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	sustainability sustainable development green initiatives financial performance Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/22d9b10d6f7a4443be8aa1211e540132
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id	oai:doaj.org-article:22d9b10d6f7a4443be8aa1211e540132
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spelling	oai:doaj.org-article:22d9b10d6f7a4443be8aa1211e5401322021-12-02T14:28:33ZThe impact of sustainability practices on financial performance: empirical evidence from Sweden2331-197510.1080/23311975.2021.1912526https://doaj.org/article/22d9b10d6f7a4443be8aa1211e5401322021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2021.1912526https://doaj.org/toc/2331-1975This study aims at empirically exploring the influence of sustainability practices on the finan cial performance of 116 listed Swedish companies in the year 2019. The research findings indicate a positive relationship between corporate sustainability and financial performance that is measured by earnings yield, return on asset, return on equity and return on capital employed. However, when it comes to a market-based financial measure, Tobin’s Q, the result is inconclusive. Finally, to improve financial performance, firms are recommended to e ngaging in Dow Jones Sustainability Index, prepare their sustainability report in accordance with Global Reporting Initiative (GRI) Standards, improve their sustainable growth rate, as well as keep a high position in the corporate social responsibility ranking.Duc Cuong PhamThi Ngoc Anh DoThanh Nga DoanThi Xuan Hong NguyenThi Kim Yen PhamTaylor & Francis Grouparticlesustainabilitysustainable developmentgreen initiativesfinancial performanceBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 8, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	sustainability sustainable development green initiatives financial performance Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	sustainability sustainable development green initiatives financial performance Business HF5001-6182 Management. Industrial management HD28-70 Duc Cuong Pham Thi Ngoc Anh Do Thanh Nga Doan Thi Xuan Hong Nguyen Thi Kim Yen Pham The impact of sustainability practices on financial performance: empirical evidence from Sweden
description	This study aims at empirically exploring the influence of sustainability practices on the finan cial performance of 116 listed Swedish companies in the year 2019. The research findings indicate a positive relationship between corporate sustainability and financial performance that is measured by earnings yield, return on asset, return on equity and return on capital employed. However, when it comes to a market-based financial measure, Tobin’s Q, the result is inconclusive. Finally, to improve financial performance, firms are recommended to e ngaging in Dow Jones Sustainability Index, prepare their sustainability report in accordance with Global Reporting Initiative (GRI) Standards, improve their sustainable growth rate, as well as keep a high position in the corporate social responsibility ranking.
format	article
author	Duc Cuong Pham Thi Ngoc Anh Do Thanh Nga Doan Thi Xuan Hong Nguyen Thi Kim Yen Pham
author_facet	Duc Cuong Pham Thi Ngoc Anh Do Thanh Nga Doan Thi Xuan Hong Nguyen Thi Kim Yen Pham
author_sort	Duc Cuong Pham
title	The impact of sustainability practices on financial performance: empirical evidence from Sweden
title_short	The impact of sustainability practices on financial performance: empirical evidence from Sweden
title_full	The impact of sustainability practices on financial performance: empirical evidence from Sweden
title_fullStr	The impact of sustainability practices on financial performance: empirical evidence from Sweden
title_full_unstemmed	The impact of sustainability practices on financial performance: empirical evidence from Sweden
title_sort	impact of sustainability practices on financial performance: empirical evidence from sweden
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/22d9b10d6f7a4443be8aa1211e540132
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The impact of sustainability practices on financial performance: empirical evidence from Sweden

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